Is 77511, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77511 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77511 has remained a Seller's Market.

Key Takeaway

77511 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77511, TX cost?

Median Sold Price

$240,800

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$15,800(+7.0%)

Key Takeaway

Homes in 77511 have sold for 7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $193.2K$220K
+13.8%
2 $140K$150K
+7.1%
3 $213.2K$225.7K
+5.9%
4 $249K$272K
+9.2%
5+ $285K$320K
+12.3%

Median Sold Price Compared To Nearby Zip Codes

77578
+16.1%
77517
+15.2%
77510
+12.8%
77511
+7.0%

How many homes are available in 77511, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
161158-1.9%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 32
-33.3%
2 1413
-7.1%
3 7674
-2.6%
4 5760
+5.3%
5+ 119
-18.2%

Number of Homes Sold

Sep 2021Oct 2021%
3947+20.5%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77511, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
38 Days23 Days-39.4%

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77511 are selling fast, if you're buying plan to act quickly.

About 77511, TX

There are 158 homes are for sale in 77511, TX real estate market. The number of listings in 77511, TX decreased by 1.9% between September 2021 and October 2021. In October 2021, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $240,800. Listing prices have changed in this real estate market between September 2021 and October 2021: 1 bedroom properties prices increased by 13.8%, 2 bedrooms properties became 7.1% more expensive, prices of 3 bedrooms properties increased by 5.9%, the cost of 4 bedrooms properties went up by 9.2%, 5 bedrooms properties became 12.3% more expensive. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 33.3%, volume of 2 bedrooms homes went down by 7.1%, the quantity of 3 bedrooms homes went down by 2.6%, the quantity of 4 bedrooms homes went up by 5.3%, 5 bedrooms homes became 18.2% less available. In October 2021 more than 15 listings in 77511, TX were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 22 were sold below.